The US (US) government has just officially shut down unmanaged services and has not received any response from the crypto market. It appears that the broader cryptocurrency market could not teach the new tricks of old dogs, primarily in the form of global tariffs, that would be restored to the mood swings of the US president in geopolitical ventures.
Ripple CTO stepped in the market indifference
S&P, Dow Jones & Nasdaq all saw a slight drop in ratings as foreign medicines were slapped at 100% tariffs, but Crypto’s flagship assets Bitcoin (BTC) inked $115,550 on Wednesday afternoon. Creating a comeback from a support level of $108,000, Bitcoin (BTC) has urged major altcoins to regain previously lost support areas.
Ripple (XRP) is the popular remittance AltCoin, one of the most powerful next Crypto ETF candidates, once again won the $2.90 price range, surpassing $5 billion in the spot market. Interestingly, this was done after Ripple’s OG CTO David “Joel Cutts” Schwartz announced he would retreat from his position after a 13-year blockchain journey.
Virtuoso, a blockchain that has helped build Ripple’s XRP ledger from the core, which has been reportedly researching fresh utility cases for XRP coins for the past few months. We sent a special message of thanks to Ripple President Monica Long and CEO Brad Garlinghouse. Ripple’s longtime CTO has been working on his own XRP node.
“I’ve been messing around on the side – spinning up my XRPL node and publishing the output data.”all for the love of coding, says Joel Katz. Certainly, such a move will add to Ripple’s decentralization process, but the recent findings of Swift’s other blockchain experiments beyond Ripple’s XRP ledger raise more questions.
On the flip side
- Despite resigning from the role of Chief Technology Director (CTO), Joel Katz will continue to participate in Ripple’s decision-making process regarding Ripple’s board invitation.
Why is this important?
High trading volumes are important for the sustainable growth of cryptocurrency, as it is a default use case. Meanwhile, the departure of CTO from Ripple’s position could create uncertainty for investors who made clarity in the wake of the ETF decision and quick testing in the fourth quarter of 2025.
Drill into DailyCoin’s latest crypto news:
altcoins will skyrocket as BTC holders.
Jim Cramer’s “Crypto Buy Crypto” call has shaken up the BTC community
People ask:
XRP prices are rising due to a spike in a massive $5 billion trading volume. This could be caused by news of Ripple’s CTO departure, where the Crypto community is potential.
Volume is the total value of XRP traded in 24 hours. The $5 billion marks a massive amount of buying and selling after the CTO exit message, showing great interest in the market.
CTO is Ripple’s high-tech boss and will guide the development of XRP. Their tips for departure sparked speculation about Ripple’s future, driving price and volume shaking.
The price surge is exciting, but cryptography is dangerous. Research XRP use cases, market trends, and your own goals before jumping. Don’t blindly chase the hype!
No one can predict with certainty. The $5 billion volume and CTO news suggest volatility. Beware of Ripple Tech updates and market shifts and measure where it is headed.